SHE:002270 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	2,416	2,395	2,296	1,934	1,689	1,508
Other Revenue	31.82	31.82	25.82	26.78	22.33	23.95
Revenue	2,448	2,427	2,322	1,961	1,712	1,532
Revenue Growth (YoY)	2.82%	4.50%	18.41%	14.57%	11.70%	12.00%
Cost of Revenue	1,131	1,111	1,193	944.49	870.67	791.69
Gross Profit	1,317	1,316	1,129	1,017	840.99	740.69
Selling, General & Admin	440.58	421.09	353.53	342.09	330.94	319.65
Research & Development	87.01	88.47	81.36	78.47	69.06	64.8
Other Operating Expenses	27.91	27.69	27.68	28.12	26.73	22.53
Operating Expenses	546.48	536.93	466.1	426.08	424.59	455.78
Operating Income	770.48	778.96	662.88	590.56	416.4	284.91
Interest Expense	-15.83	-13.44	-17.25	-16.3	-22.28	-49.16
Interest & Investment Income	27.6	30.82	52.3	37.62	15.53	24.05
Currency Exchange Gain (Loss)	10.48	10.48	-3.45	2.12	1.87	-18.56
Other Non Operating Income (Expenses)	-1.75	-2.25	-6.38	2.65	0.03	-14.7
EBT Excluding Unusual Items	790.98	804.57	688.09	616.66	411.55	226.53
Impairment of Goodwill	-	-	-	-	-	-0.27
Gain (Loss) on Sale of Investments	-12.46	-12.14	-	6.73	0.18	283.01
Gain (Loss) on Sale of Assets	39.05	39.13	-1.28	-1.63	0.43	-0.41
Asset Writedown	-0.65	-0.31	-0.45	-0.57	-16.78	-0.67
Other Unusual Items	16.96	16.96	40.27	24.59	23.56	9.31
Pretax Income	833.87	848.21	726.64	645.78	418.94	517.5
Income Tax Expense	125.03	128.59	106.86	95.12	55.09	96.49
Earnings From Continuing Operations	708.84	719.63	619.78	550.66	363.85	421.01
Minority Interest in Earnings	-7.42	-9.89	-5.48	-8.25	-4.41	-4.07
Net Income	701.42	709.74	614.3	542.41	359.44	416.94
Net Income to Common	701.42	709.74	614.3	542.41	359.44	416.94
Net Income Growth	6.48%	15.54%	13.26%	50.90%	-13.79%	45.13%
Shares Outstanding (Basic)	898	898	890	889	856	758
Shares Outstanding (Diluted)	898	898	890	889	856	758
Shares Change (YoY)	0.84%	0.91%	0.12%	3.90%	12.89%	0.27%
EPS (Basic)	0.78	0.79	0.69	0.61	0.42	0.55
EPS (Diluted)	0.78	0.79	0.69	0.61	0.42	0.55
EPS Growth	5.60%	14.49%	13.11%	45.24%	-23.64%	44.74%
Free Cash Flow	525.26	491.89	775.58	558.66	427.38	173.39
Free Cash Flow Per Share	0.58	0.55	0.87	0.63	0.50	0.23
Dividend Per Share	0.610	0.610	0.546	0.820	0.560	0.300
Dividend Growth	11.72%	11.72%	-33.41%	46.43%	86.67%	289.61%
Gross Margin	53.81%	54.22%	48.62%	51.84%	49.13%	48.34%
Operating Margin	31.48%	32.10%	28.54%	30.11%	24.33%	18.59%
Profit Margin	28.66%	29.25%	26.45%	27.66%	21.00%	27.21%
Free Cash Flow Margin	21.46%	20.27%	33.40%	28.49%	24.97%	11.31%
EBITDA	845.14	853.16	735.21	660.45	484.07	348.76
EBITDA Margin	34.53%	35.16%	31.66%	33.68%	28.28%	22.76%
D&A For EBITDA	74.66	74.2	72.33	69.89	67.67	63.85
EBIT	770.48	778.96	662.88	590.56	416.4	284.91
EBIT Margin	31.48%	32.10%	28.54%	30.11%	24.33%	18.59%
Effective Tax Rate	14.99%	15.16%	14.70%	14.73%	13.15%	18.64%
Revenue as Reported	2,448	2,427	2,322	1,961	1,712	1,532
Advertising Expenses	-	6.31	6.11	3.96	4.74	0.85

Source: S&P Global Market Intelligence. Standard template. Financial Sources.